Shares of Visa (NYSE: V) are trading down 2.8 percent in Thursday's after-hours session following the release of its third quarter earnings report.

Results

Revenue: $3.16 billion, up five percent year over year.

EPS: $2.17, up 15 percent from the same quarter last year.

Total processed transactions: $16.7 billion, up 11 percent year over year.

Estimates

Revenue:$3.15 billion

EPS: $2.10

2014 Full-Year Guidance

Operating margins low to mid 60s

Net revenue growth of nine to 10 percent with two percentage point negative impact from foreign currency.

Diluted class A common EPS growth of 17.5 - 18.5 percent.

CEO Charlie Scharf said: “As expected, revenue growth was affected by a strong U.S. dollar and tepid growth from cross-border transactions. More importantly, global payments volume and processed transactions remained healthy and strong. While some of the headwinds will likely continue in the short-term, we are confident our investments in products such as Visa Checkout, new technologies like tokenization, and new relationships with financial institutions and merchants will continue to drive double-digit revenue growth over the long-term.”